NY Times In Michigan, Deficits Defy Years of Cutting

[Corktown Mark]

I guess the point is we are used to it?

http://www.nytimes.com/2009/07/12/us...n.html?_r=1&hp

[lilpup]

More like telling other states [[especially California): You think you have it bad.

Now that banks have stopped accepting California's IOUs things could get pretty ugly and Arnie's financial screwing around could end up affecting all of us.

http://www.ft.com/cms/s/0/43e64f02-6...nclick_check=1

[Retroit]

Ah, the collapse of the Welfare State! Who would have guessed it would have lasted so long [[75+ years. Hey, we beat the USSR [[1917-91= 74 years)!)? Now let's see how long our children, grandchildren, and great grandchildren will be paying off our profligate spending [[$12 trillion debt + $50 trillion in unfunded mandates).